Boston Beer (NYSE:SAM) Rating Increased to Hold at Zacks Research

Boston Beer (NYSE:SAM) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other brokerages also recently commented on SAM. UBS Group decreased their price objective on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th. Citigroup reduced their price target on Boston Beer from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Sanford C. Bernstein reissued a “market perform” rating and set a $195.00 price target on shares of Boston Beer in a research report on Monday, July 27th. Jefferies Financial Group dropped their price objective on Boston Beer from $230.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $295.00 price objective (down from $315.00) on shares of Boston Beer in a research report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $206.91.

Boston Beer Trading Down 0.7%

NYSE SAM opened at $167.01 on Tuesday. The company has a market cap of $1.74 billion, a PE ratio of -24.60 and a beta of 0.83. Boston Beer has a 12 month low of $158.68 and a 12 month high of $264.46. The stock has a 50 day moving average of $178.49 and a 200-day moving average of $195.49.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share for the quarter, missing the consensus estimate of $4.83 by ($1.18). Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The firm had revenue of $568.34 million during the quarter, compared to the consensus estimate of $566.68 million. During the same period in the prior year, the business posted $5.45 earnings per share. Boston Beer’s quarterly revenue was down 3.3% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, sell-side analysts predict that Boston Beer will post 8.99 EPS for the current fiscal year.

Institutional Trading of Boston Beer

A number of hedge funds have recently modified their holdings of SAM. Dimensional Fund Advisors LP lifted its stake in shares of Boston Beer by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock worth $63,040,000 after buying an additional 15,611 shares during the last quarter. Quantinno Capital Management LP grew its stake in Boston Beer by 155.2% in the 1st quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock valued at $53,127,000 after buying an additional 140,247 shares during the last quarter. Gotham Asset Management LLC grew its stake in Boston Beer by 16.7% in the 4th quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock valued at $48,570,000 after buying an additional 35,644 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Boston Beer by 13.4% in the 1st quarter. Renaissance Technologies LLC now owns 93,779 shares of the company’s stock valued at $21,607,000 after acquiring an additional 11,100 shares during the period. Finally, Calamos Advisors LLC raised its holdings in Boston Beer by 2.1% in the 1st quarter. Calamos Advisors LLC now owns 66,749 shares of the company’s stock valued at $15,379,000 after acquiring an additional 1,385 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

About Boston Beer

Boston Beer Company, Inc is an American beverage company that develops, produces and sells alcoholic beverages. Founded in 1984 by Jim Koch, the company helped popularize craft beer in the United States with Samuel Adams Boston Lager, its flagship brand.

Boston Beer’s portfolio includes Samuel Adams and other craft beer brands, as well as Truly Hard Seltzer, Twisted Tea hard iced tea, Angry Orchard hard cider and beverages associated with Dogfish Head Brewery, which it acquired in 2019.